Tagged: house prices

Housing: what can be done - The Dismal Science

Michael Reddell Apr 19, 2016

In the seemingly-endless housing supply debate, there is often a divide between those favouring greater intensification, and those favouring a larger physical footprint for growing cities.  My own policy view is squarely in the “it should be a matter of individual choice, provided the infrastructure etc costs of development are appropriately internalized, and the rights of existing property owners … Read More

An official target for house prices to disposable incomes - The Dismal Science

Michael Reddell Oct 19, 2015

Getting back to thinking about housing issues, in preparation for a speech next week, I noticed that the Auckland Council’s Development Committee had adopted a target of reducing the Auckland ratio of median house prices to median disposable income to five (from around ten at present) by 2030. The target appears to have been adopted following the recent … Read More

Who’s been ‘buying up’ New Zealand? - The Dismal Science

Donal Curtin Sep 26, 2015

There’s a huge interest in foreign investment in New Zealand – it’s front page news when Chinese investors aren’t allowed to buy farms, or Asian investors are supposedly snapping up Auckland houses, and the piece I wrote about Statistics NZ’s data on foreign direct investment has had by far the biggest number of pageviews of anything I’ve written recently. Read More